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Choosing a repayment vehicle
Hi Due to a number of reasons we have an interest only mortgage that has 19 years left to run. Im trying to choose a repayment vehicle as being extremely naughty we never had one (usual story of supposed to be couple of years interest only but then redundancy, negative equity ect). Wondering what the best choice would be?…
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who gets the mortgage offer in writing and post first?
can someone please tell me when a mortgage offer is given in writing by the bank does the client or applicant get the offer in writing and post FIRST or does the broker get it in writing and post first .
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Is the Deposit source critical?
We have just begun the process of buying our first home and a thread I read on here made a mention that some banks scrutinize the source of the deposit fund We own a property in my previous country of citizenship. We will be selling this property, paying all relevant taxes and then remitting the money to our account in the…
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In a mess
I own a flat which is worth around 100k give or take. My mortgage is around 93k. SO on a good day I would have some equity on a bad day I am in negative equity. thats not a major problem as I dont intend to sell just yet however my long term plans would be to sell and buy a house. I am currently on a variable rate mortgage…
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Anyone know where I can get a good 95% mortgage?!
So i've decided to see if I can get myself on the property ladder now I am debt free, am nearly 'excellent' on my credit rating (if that makes any difference?!) and am earning a good wage (£40K plus yearly bonus) I have a (very!) small savings account but as I live in London it will be difficult to get that up to 10% so my…
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Two Houses, one in negative equity. Can i hand it back?
Hi, I'm new to this forum. Here is my problem. My wife and I have a house we live in and an Appartment. We have joint mortgages on both. But the appartment(which we have been renting) is £20 - £25,000 in negative equity. Is it pointless to keep trying to rent. If we voluntarily hand the appartment back, is there a chance…
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Libor
hi, my mortgate is calculated on the libor rate, is it likely to go up massively after this barclays fraud thing? thanks
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Paying off your mortgage early? (in full) - the procedure? + Fees involved?
If you want to pay off your mortgage off in FULL early, do lenders allow this? and is there a fee involved? what are the disadvantages involved? do they 'interest' fees still apply ?
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What is the Max deposit % you can put down? (50% - 60% ?
Lenders ask for deposits from customers, 10%- 25% etc. what is the max amount of % deposit you can put down ? can you put 70% for example ? and on these 'higher ones' are there any other things you need to have? such as a better credit hisotry, or any other things you need to provide in 'addition', (than if you were going…
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HSBC Mortgage Offer Process
I am extremely unnerved by a recent discussion I had with HSBC regarding a mortgage in principle application. I was rejected for additional funds despite easily qualifying using the mortgage calculator tool on the HSBC web site. I currently have a 250K mortgage and require an aditional 100K for a new house valued at 700K…
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Offer accepted on house but got to wait 18 weeks
Hi, As title suggests we have had our offer accepted to buy a house. The person we are buying from is buying another house and that person is buying a new build. The person buying the new build has been told by the builders that the house wontbe ready to move into for 18 weeks. Our estate agent is asking for an AIP letter…
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Basic salary and commission mortgage...
Hello all, I am looking to remortgage and need to know if anyone would consider £21k basic and £29k commission as good enough income? Property is £200k and mortgage is £160k. Credit file is all good but I have only been in job for 19 months (P60 shows £50k last year and on course for the same this year). It is just me…
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Improving the credit search for a mortgage application
Hi everyone, I'm not sure where to post this so I'll put it in a couple of places. I've got over £10,000 credit card debt, but am in the lucky position of being able to pay all of this off in one lump sum. As a result, in the near future I am looking to apply for a mortgage and obviously need my credit rating to be as good…
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NRAM mortgage advice
Hi forum! I have a query I hope someone can help me with. !I bought my property in Birmingham five and a half years ago. !It was a northern rock mortgage and 110%... I know a big mistake! ! Currently my mortgage stands at £85,000 plus an unsecured loan of £22,000. !Currently to clear the mortgage I would need to sell my…
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Theoretical Q about Bank Base Rate
Looking through my mortgage offer, it mentions a backup plan about how interest is calculated "if the Bank of England cease publishing a BBR" or words to that effect. While I realise this is just covering themselves, surely there is just about 0% chance the BofE won't publish a base rate - it would cause complete…
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I'm tied into a mortgage with my ex
I'm tied into a mortgage with my ex ( not married) the property is in the midlands an i left the relationship an property 4 years ago to live in Bournemouth but I'm still tied in to the mortgage. is there a way of getting myself off the mortgage, I've been happily married to my new partner for 2 yrs now an we wont to move…
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New mortgage - late payments
Hi I was hoping one (or more!) of the mortgage brokers could give me their opinions on my current situation. We need to move house quickly (neighbours from hell) and want to make an offer on a house we saw this weekend. Our house is valued at £200k and we hope to get an offer accepted at the new house at around the £140 -…
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Best next step?
Hi all, I've dipped in and out of the forums over the years as a 'lurker' but have now joined up as I could really do with some good unbiased advice from people who are alot more savvy than I am - I'm feeling slightly overwhelmed...! I recently seperated from my partner and have decided to stay in our home and take over…
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my fixed rate mortgage has ended
my fixed rate mortgage has now ended 31/06/2012 (5 long years of 5.99%) with the woolwich and my interest rate will now drop onto 1.49% above the base rate my next payment is due 16/07/2012 i pay via standing order will woolwich send me a letter to inform me that my fixed has now ended before the next payment date?? and…
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Adverse only mortgage?
My husband and I are looking to buy a new house with a business venture attached. He has an excellent credit record. However, mine is poor due to lots of issues from a a nasty divorce (most of which are well on the way to being settled). However, my husband really wants this new business venture but needs my income (of…
